SMM Nickel Market Morning Comment (Apr 25)

On April 24, the most-traded SHFE nickel contract opened at 139,970 yuan/mt, and closed at 142,990 yuan/mt, up 2,020 yuan/mt compared with the last trading day. Trading volume fell by 165,098 lots to 307,135 lots, and open interest decreased by 3,882 lots to 100,172 lots. The most-traded SHFE nickel contract fluctuated upward after opening and then fell slightly, with the highest at 143,360 yuan/mt and the final decrease of 0.68%.